Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS (Tables)

v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2026
FAIR VALUE MEASUREMENTS  
Summary of major categories of assets and liabilities measured at fair value on a recurring basis

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As of March 31, 2026

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  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

​

Level 3

  ​ ​ ​

Total

Assets:

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​

​

​

​

​

​

​

​

​

​

​

Short-term investments

​

$

33,753

​

$

—

​

$

—

​

$

33,753

Total assets measured at fair value

​

$

33,753

​

$

—

​

$

—

​

$

33,753

Liabilities:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Share-based compensation liability

​

$

—

​

$

—

​

$

79,380

​

$

79,380

Total liabilities measured at fair value

​

$

—

​

$

—

​

$

79,380

​

$

79,380

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2025

​

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

​

  ​ ​Level 3    

  ​ ​ ​

Total

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

Short-term investments

​

$

33,753

​

$

—

​

$

—

​

$

33,753

Total assets measured at fair value

​

$

33,753

​

$

—

​

$

—

​

$

33,753

Liabilities:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Share-based compensation liability

​

$

—

​

$

—

​

$

29,182

​

$

29,182

Total liabilities measured at fair value

​

$

—

​

$

—

​

$

29,182

​

$

29,182